Monero (XMR) was launched on 14 April 2014 as a fork of Bytecoin, has only 2 years, their value, is has quadrupled this month, after winning the support of prominent websites where anonymously is sold drugs.
After AlphaBay, announced that will accept the currency as form of payment, starting from the 1 of September, Monero reached a price of up to 10 dollars by unit.
At the end of July, the valuation of all the Monero in circulation was only 25 million dollars, but is currently located at 100 million dollars.
Monero, is currently in 6th place, in market capitalization, according to coinmarketcap.com - just a place behind Steem, as can be seen in the catch I just make.
"Following the demand of the community, and taking into account the security features of Monero, decided to add it to our market" announced on Reddit AlphaBay the week last
Monero means currency in Esperanto, and like the universal aim of language which aims to the currency digital is getting a massive deployment to develop their qualities, which are not few.
It has some powerful weapons. The first of them is that not is a currency based in Bitcoin, not has absolutely nothing that see your code source with the of the King of the criptomonedas.
Its technology is Cryptonote, its Cryptonight algorithm and therefore has unique characteristics.
Some people will ask you what the hell is Cryptonote?
Here the answer: is a technology/Protocol of open code written from scratch, does not share anything with the Bitcoin code and its derivatives. Is also a company / organization that is responsible for of agglutinate all it related with them coins of code Cryptonote, although these work of form autonomous and an of them, Cryptonotecoin is it currency for study and new implementations of the Organization, without any value commercial since the block genesis is restarts every 2 months.
The main feature of the technology Cryptonote is the ANONYMITY
The coins Cryptonote implemented the technology of signs of ring that you allows sign a message in name of a group. The signature just shows that the message was created by someone from the group but is impossible know who of them has been.
You can read more thoroughly how it works Cryptonote in its whitepaper, on its website or in the same thread of Monero in Bitcointalk, and several more open to discussion threads.
Who pay with bitcoins used a unique address of portfolio virtual and all the transactions linked to the same can be observed by anyone. Monero creates addresses unique to each transaction, with a key of viewing private that only allows that the receiver- and to anyone that is you give the password-have access full to the information of the operation.
Monero also "mixed" coins of form automatically. It does this by combining data from one transaction with others of similar size, adding another layer of confusion for anyone trying to track an operation using the string of blocks.
Has much sense that AlphaBay welcome to Monero. Is more secure that Bitcoin, whose chain of blocks you can see publicly. (Tyler Moffitt, researcher of safety of Webroot).
"Monero to level protocol is very, very private and has that great advantage with relation to bitcoin"He said in a telephone interview the investor Angel Roger Ver.
The adoption Monero, by the so-called dark sites is helping it reach a level of attention as it did with bitcoin in 2011, when sites such as Silk Road used it for its hallucinogenic mushrooms and child pornography operations. After having concentrated that attention, finally attracted other business legal.
Monero risks.
Monero is not the first opponent of the Bitcoin, nor will be the last. As informed Motherboard, Peter Vessenes (former head of the Bitcoin Foundation and security researcher) believes Monero "is well" on its main technology, but it could be saying that you can do more of what its capacity allows face to maintain the privacy of the users.
In Conclusion.
Monero is a great project cryptographic that goes more than of a simple currency digital. Has an excellent base derived from its revolutionary code.
But as always there is space for them questions is time of investing? -would continue in growth of Monero? -How will be your acceptance in the rest of the market? -leave those questions for the analysis and their comments, thank you for your attention
Sources for the development of the note